This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceutical compounds. It plays a key role in the development of drugs targeting neurological disorders due to its structural properties, which can interact with specific receptors in the brain. Additionally, it is employed in the synthesis of agrochemicals, particularly in creating pesticides and herbicides, where its aromatic and aldehyde functionalities contribute to the desired biological activity. In material science, it is used as a building block for synthesizing specialty polymers and coatings, enhancing properties like adhesion and durability. Its versatility in chemical reactions makes it valuable in research and industrial applications.